bankruptcy

FTX Crypto Contagion Continues After BlockFi Bankruptcy

FTX Crypto Contagion Continues After BlockFi Bankruptcy

Bitcoin Magazine Head of Market Research Dylan LeClair Reacts to BlockFi’s Bankruptcy Filing on “Making Money”. Contagion fears in cryptocurrency markets continue to grow after BlockFi filed for bankruptcy on Monday due to the company’s financial ties to failed crypto exchange FTX. He now says he owes over 100,000 creditors between $1 billion and $10 …

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There's a big problem with the Kroger-Albertsons supermarket merger |  CNN Business

There’s a big problem with the Kroger-Albertsons supermarket merger | CNN Business

New York CNN Business — When Christine Martinez found out last month that Kroger and Albertsons were planning to merge in a deal worth nearly $25 billion, she thought, “here we go again.” Martinez lost her job as a pharmacy technician following an earlier supermarket mega-merger: Albertsons’ $9 billion combination with Safeway in 2014. That …

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BlockFi Files For Bankruptcy As FTX Contagion Grips Crypto Markets |  CNN Business

BlockFi Files For Bankruptcy As FTX Contagion Grips Crypto Markets | CNN Business

New York CNN Business — Crypto lender BlockFi filed for bankruptcy on Monday, becoming the latest victim of the financial contagion triggered by the collapse of Sam Bankman-Fried’s empire. BlockFi announced earlier this month that it had halted withdrawals, citing “significant exposure” to Bankman-Fried’s FTX exchange, as well as its sister hedge fund Alameda. FTX, …

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Crypto lender BlockFi files for bankruptcy as FTX ripple effect spreads

Crypto lender BlockFi files for bankruptcy as FTX ripple effect spreads

Filing follows weeks after FTX collapse FTX listed as BlockFi’s #2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy, it said on Monday, the latest crypto casualty after the exchange’s dramatic collapse FTX earlier this month. The New Jersey court filing comes …

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Crypto Lender BlockFi Files For Bankruptcy As FTX Fallout Spreads

Crypto Lender BlockFi Files For Bankruptcy As FTX Fallout Spreads

BlockFi, a cryptocurrency lender that targeted mainstream investors hungry for a piece of the crypto mania, filed for bankruptcy on Monday, battered by its financial ties to FTX, the beleaguered exchange whose recent slump has rattled the market. crypto industry at its heart. Based in Jersey City, NJ, BlockFi primarily marketed itself to retail investors, …

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FTX 'Chief Regulatory Officer' Dan Friedberg Linked to Online Poker Scandal

FTX ‘Chief Regulatory Officer’ Dan Friedberg Linked to Online Poker Scandal

The chief ‘regulatory officer’ of fallen crypto exchange FTX was embroiled in a notorious online poker cheating scandal more than a decade ago – and was filmed helping the perpetrators of the fraud , according to reports. Dan Friedberg – an attorney who was FTX’s chief regulatory officer in the months leading up to its …

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FTX's bankruptcy filings show that the situation is much worse than previously thought.  From a million creditors to a staggering lack of oversight, here are the craziest details.

FTX’s bankruptcy filings show that the situation is much worse than previously thought. From a million creditors to a staggering lack of oversight, here are the craziest details.

The fall of crypto exchange FTX led to a bankruptcy filing full of crazy details. Documents filed in court this week reveal much deeper issues than anyone would have thought. From billion-dollar loans to metaverse accountants, these are the craziest details of FTX’s bankruptcy filing. Loading Something is loading. Thank you for your registration! Access …

FTX’s bankruptcy filings show that the situation is much worse than previously thought. From a million creditors to a staggering lack of oversight, here are the craziest details. Read More »

“Everyone is learning about crypto bankruptcy right now.”  FTX crash should be a 'gold rush' for lawyers

“Everyone is learning about crypto bankruptcy right now.” FTX crash should be a ‘gold rush’ for lawyers

The dramatic collapse of cryptocurrency exchange FTX has been compared to the collapse of Lehman, Enron and the Bernie Madoff scandal. And just like in these cases, crypto-infused lawyers know “there will be a lot of work.” These are the words of Anthony Casey, professor of law at the University of Chicago and former practitioner …

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This photo illustration shows the FTX cryptocurrency logo, reflected in an image of former CEO Samuel Bankman-Fried, in Washington, DC on November 13, 2022.

Sam Bankman-Fried Says FTX’s Bankruptcy Filing Was a Mistake in Interview

FTX founder Sam Bankman-Fried said the collapsed crypto firm shouldn’t have filed for bankruptcy and slammed regulators in an interview published by news site Vox on Wednesday. Bankman-Fried, known as SBF, later came back the comments and said the direct messages he exchanged with the reporter on Twitter were not meant to be public. “It …

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